Fisher Asset Management LLC Has $33.54 Million Position in Toll Brothers, Inc. (NYSE:TOL)

Fisher Asset Management LLC lessened its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 1.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 217,110 shares of the construction company’s stock after selling 2,316 shares during the period. Fisher Asset Management LLC owned 0.22% of Toll Brothers worth $33,541,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in Toll Brothers in the 3rd quarter valued at $27,000. Larson Financial Group LLC grew its position in shares of Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after purchasing an additional 66 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Toll Brothers in the second quarter worth about $29,000. Massmutual Trust Co. FSB ADV lifted its position in shares of Toll Brothers by 114.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock worth $31,000 after purchasing an additional 142 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Toll Brothers by 202.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock valued at $38,000 after purchasing an additional 223 shares during the period. Institutional investors own 91.76% of the company’s stock.

Insider Buying and Selling

In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the transaction, the chief executive officer now owns 221,382 shares in the company, valued at $35,029,273.86. This represents a 10.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martin P. Connor sold 22,673 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the sale, the chief financial officer now directly owns 14,721 shares in the company, valued at approximately $2,109,224.88. This represents a 60.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 128,673 shares of company stock worth $19,684,387 in the last three months. Insiders own 1.54% of the company’s stock.

Toll Brothers Trading Down 2.2 %

Shares of TOL stock opened at $164.09 on Wednesday. The company has a market capitalization of $16.57 billion, a P/E ratio of 11.31, a P/E/G ratio of 1.18 and a beta of 1.68. Toll Brothers, Inc. has a 12-month low of $84.40 and a 12-month high of $169.52. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average price of $152.69 and a 200 day moving average price of $136.85.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, October 11th. Toll Brothers’s payout ratio is currently 6.34%.

Analysts Set New Price Targets

A number of brokerages have recently commented on TOL. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $142.00 price target on shares of Toll Brothers in a report on Wednesday, August 21st. Wells Fargo & Company increased their price target on shares of Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Oppenheimer boosted their price objective on shares of Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Wedbush upgraded shares of Toll Brothers from a “neutral” rating to an “outperform” rating and increased their target price for the company from $148.00 to $175.00 in a research note on Friday, October 25th. Finally, Bank of America boosted their price target on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $148.87.

Toll Brothers Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.